S & P 500 futures.
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Started by mikempt - March 31, 2025, 10:17 a.m.

as of 10:15 A.M EST we are fighting a battle between support of 5534 and resistance of 5577. Which way will we breakout today/

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By gedigan - April 1, 2025, 6:29 a.m.
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ES as I see it

Weekly history is repeating itself. A correction at a Fib. extension 200%


A tad closer look using a 4hr chart and Wyckoff logic (as I understand it).

Simply reading price action, drawing lines & predicting the future...

Amos taught me to always ask... "What's our current level of knowledge" (LOK). Lets begin..
1. Weekly, November 19th price went into a range. Dec. 16th formed its high.
2. We identified a spring on Jan. 13th. & price began to rise.
3. Jan. 24th gave us an UT - I was anticipating a move below the 13th spring
    WHY? Weekly we are at the Fib. 200% ext. I'm looking for a change of trend at this area.
4. Jan 31 was a re-test of the UT (typical Wyckoff logic) only to form a spring on Feb. 2
 5. Puzzled I ask? We have a spring after an UT Bullish behavior - WHY are were going back up to test the UT? OR      make new highs? Amos had a saying... IDKNMT (i don't know, need more time) so we wait for more information.
6. Feb. 17th I thought we were forming a springboard, for a move above the UT. Only for the market to give us    another UT. This UT was clearly terminal (UTAD), as evident by the reaction after leaving the potential springboard formation.
7. Were NOW fully in a sell program!!!!
8. The markdown was immediate and swift. No looking back. Weak longs are trapped and need to cover, further
accelerating the UTAD reaction. Cementing David Weis, the greatest Wyckoff trader I've had the pleasure of meeting.
who said over & over, buy all springs - sell all UT's. I regress sorry.... Miss ya David RIP
9. The Mar. 13th low gave us a bearish hinge, with a Friday break. 


Are we in a sell program similar to 2008? If so, and history repeats itself, we can anticipate a 50% retrace of the last weekly low/high. 

As it should be, we all have different eyes. Trade what you see and understand!

Best of trades to everyone!